Raine and Horne Commercial

NSW - Liverpool In the Liverpool area, yields range from4-5% for industrial space, through to 5-6% for retail and office properties says, Bruce Schell of Commercial Liverpool. Bruce believes yields on retail property are likely to continue on a similar trend through 2021. He notes, “While leasing is a little patchy, demand for any premises with development potential is strong.” Vacancy rates for retail space in Liverpool are below5%. It’s a different picture for industrial assets, where the vacancy rate is less than 2%. Bruce says, “We are seeing a risingmarket over the short tomedium term, supported by high demand in the SouthWest region, particularly in developing suburbs where the local population is increasing.” He adds, “We are expecting a surge in activity upon the reopening of international borders.” In the officemarket the vacancy rate is 15%. However, Bruce is receiving enquiries fromNDIS providers within the Liverpool CBD, looking for ground floor premises or upper levels, provided lift access is available. Summing up, Bruce says, “There is a positive outlook for the future of sales and leasing activity across all sectors of the Liverpool commercial market, underpinned by the prospect of continued low interest rates.” 12 - Bruce Schell bruce.schell@rhc.com.au